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Apr 22, 2013
04/13
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economy. will will the u.s. economy move forward on a sustained basis the next three or four years and the stock market will follow. and if you believe that, then, you know, allocating a higher percentage of assets through equities makes sense. >> you know, becky, i think put on my former p.m. hat, pre-cnbc when i was running money, you have key indicators, lagging indicators and the lagging indicators. what i hear and what i see here is very simple, the idea of a bond bubble, and i felt this way for some time, it's not going to happen. asset allocation in a lot of our clients as a result of 2000 is not going to change. despite what interest rates may be telling you about negative real returns there's going to be a specific allocation to fixed income and it's going to remain because of the need for safety. >> if the fed was not buying treasuries. >> manipulating the bond market. >> fair enough. i should have said that. >> i said it in the 6:00 hour and you told me i was crazy. >> manipulation is a strong word wi
economy. will will the u.s. economy move forward on a sustained basis the next three or four years and the stock market will follow. and if you believe that, then, you know, allocating a higher percentage of assets through equities makes sense. >> you know, becky, i think put on my former p.m. hat, pre-cnbc when i was running money, you have key indicators, lagging indicators and the lagging indicators. what i hear and what i see here is very simple, the idea of a bond bubble, and i felt...
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316
Apr 16, 2013
04/13
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people don't believe the economy will be as bad as others. >> i think the economy may not be as bad as people think and there's no other place to go. >> what's the mood there? it's still early. you have to be getting your thoughts in early as you walk in the cme this morning. >> many people anticipated somewhat of a rebound. clearly you thought gold was going to see some sort of bounce here. it's a very risky asset at this point. it's not ae haven. the first thing we looked at off this news is how the dollar traded. and you saw strength against the euro. most being stirling. you are start as more astute investors are looking a little bit more because they anticipate the slope where it's at. the biggest news of the day was the economic news out of china. there is going to be a slowdown that moves from europe into china. that is starting to look like that's the case. >> although we got bad numbers out of germany and the market didn't really really significantly to that. >> it didn't. that's not surprising. one of the things about germany we're starting to look at is the periphery around
people don't believe the economy will be as bad as others. >> i think the economy may not be as bad as people think and there's no other place to go. >> what's the mood there? it's still early. you have to be getting your thoughts in early as you walk in the cme this morning. >> many people anticipated somewhat of a rebound. clearly you thought gold was going to see some sort of bounce here. it's a very risky asset at this point. it's not ae haven. the first thing we looked at...
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Apr 17, 2013
04/13
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economy? >> no, i think it's the same slow growth we've been seeing basically for the last two years, becky. >> but there's not the spring swoon that some people have worried about. we've worried about that with the jobs numbers we've been getting recently. >> we're not seeing that in our movements on the railroad. >> wow. if you look at the rest of the year, you think it's going to continue to be chemicals, some of the biggest drivers? >> i think chemicals, i think later in the year as the new crop comes in, agricultural pick-up. we expect automotive to be strong throughout the year. so overall, we expect whatever gdp we will grow at a faster rate than that. >> all right. michael, congratulations on the earnings, and thank you very much for joining us. >> thank you. >>> and coming up, the first images of the bomb used in monday's terror attack in boston. the pieces could provide critical information in the investigation. we'll get an update from boston. remember that atlanta bombing was 1996.
economy? >> no, i think it's the same slow growth we've been seeing basically for the last two years, becky. >> but there's not the spring swoon that some people have worried about. we've worried about that with the jobs numbers we've been getting recently. >> we're not seeing that in our movements on the railroad. >> wow. if you look at the rest of the year, you think it's going to continue to be chemicals, some of the biggest drivers? >> i think chemicals, i...
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475
Apr 23, 2013
04/13
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they will do whatever they can to save their economy. a level that would make our federal reserve look like amateurs. i'm saying it's going to work. it's written on cnbc. nikkei has been soaring. 10,000 intended to be a floor for the nikkei. >> i have to tell you, it has impact elsewhere as well. today you have the german 10-year hitting a new low. the italian 120-year hitting a low. they're saying a lot of japanese nationals looking to buy bonds. so it's having an impact on the world, which is pretty positive. >> why not introduce you. >> sure. >> tom is the ceo of kbw. and chief of business insider. they're guest hosts. tom, you bring in really interesting points tell us what's been happening through earnings season. is business improving? >> so the good news is banks have been hitting their estimates. we have a quarter of the industry report. a few more coming out today. it's really all about the outlook. the outlook is getting a little more revenue perspective. we need the economy to help. the banks recovered from the crisis. near ze
they will do whatever they can to save their economy. a level that would make our federal reserve look like amateurs. i'm saying it's going to work. it's written on cnbc. nikkei has been soaring. 10,000 intended to be a floor for the nikkei. >> i have to tell you, it has impact elsewhere as well. today you have the german 10-year hitting a new low. the italian 120-year hitting a low. they're saying a lot of japanese nationals looking to buy bonds. so it's having an impact on the world,...
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Apr 19, 2013
04/13
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we're an innovation economy mecca. and this may have made us a likely target for what happened at the boston marathon on monday. >> thank you very much for joining us. he is with boston globe, which has been putting out a lot of the information we have been following since monday. >> dow looks like it would open up 22 points. s&p up 8 points. nasdaq by 22 points. and a business story of notes and breaking news. dell's special committee is confirming it has received a notice from blackstone group. sit withdrawing from the bidding process. blackstone will not submit a definitive proposal to buy the company. they submitted an indication of interest for 25eu billion offer in march. a letter saying that it "found a significant number of issues that surfaced since we submitted our letter of proposal on march 22nd." specifically i should note an unprecedented 14% market decline, the steepest drop in history. they are now saying is inconsistent with management's own projections for growth. ♪ [ construction sounds ] ♪ [ wat
we're an innovation economy mecca. and this may have made us a likely target for what happened at the boston marathon on monday. >> thank you very much for joining us. he is with boston globe, which has been putting out a lot of the information we have been following since monday. >> dow looks like it would open up 22 points. s&p up 8 points. nasdaq by 22 points. and a business story of notes and breaking news. dell's special committee is confirming it has received a notice from...
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Apr 24, 2013
04/13
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the economy is doing better. companies will do better? >> i wouldn't say you move out because the economy's in that much of a better position. i don't think that's the case. but i'd move out because there's too much optimism. there's been too much money put to work in the defensive names. take utilities. another defensive sector. historically, the sector traded at 25% discount to the market. that made sense. it was regulated, it was a slow grower. today u.s. utility company traded an 8% premium. that's a lot to pay for an income stream and for safety. i think there are better places to get that income and maybe take a little bit more risk, but at a better valuation. >> what would you do with apple today since it's in the news? >> you know, i've got no strong view on apple, but generally, i think we like technology companies, it's one of the parts of the market that has underperformed. looks cheap relative to the history. i'd rather be buying tech companies at this point than consumer staple companies. >> you think bonds at some point just
the economy is doing better. companies will do better? >> i wouldn't say you move out because the economy's in that much of a better position. i don't think that's the case. but i'd move out because there's too much optimism. there's been too much money put to work in the defensive names. take utilities. another defensive sector. historically, the sector traded at 25% discount to the market. that made sense. it was regulated, it was a slow grower. today u.s. utility company traded an 8%...
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Apr 18, 2013
04/13
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>> no, i don't. >> how much concern do you have for the economy? >> i've said for a year or more this looks like a low trend of about 2%. it still looks consistent with that. we have numbers that were positive, unexpectedly good, especially for consumer spending in the first couple of months. that seems to soften a little bit at the end of the quarter. still it looks like 2%. we are going to see swings around that. the longer we go around this trend the more it looks like the trend is 2% now. >> which is a dramatic decline. would you say potential of the economy's 2%? >> i'm thinking we're at about potential right now. first if you draw a line through history the potential is way, way above here. at the beginning of the expansion people expected us to go back to that previous trend line. but instead, we're forming a new trend line that's down below that and parallel. the growth rate is a little lower. labor force participation has tailed off significantly. it's hard at this point to define how much is sick cal and how much is broader trend. i think
>> no, i don't. >> how much concern do you have for the economy? >> i've said for a year or more this looks like a low trend of about 2%. it still looks consistent with that. we have numbers that were positive, unexpectedly good, especially for consumer spending in the first couple of months. that seems to soften a little bit at the end of the quarter. still it looks like 2%. we are going to see swings around that. the longer we go around this trend the more it looks like the...